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Research and Development in Electronic Capital Goods

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  • Anonymous

Abstract

The world electronics industry has been one of the fastest growing in the past half century, with a compound rate of growth of over 10 per cent per annum at constant prices since 1935.[1] Within the total, the output of ‘electronic consumer goods’ is no longer rising particularly fast in most advanced countries ; but the output of ‘electronic capital goods’ has been increasing at over 15 per cent a year (in current prices) over the past six yeats, and will probably continue to rise rapidly according to most forward estimates.121 This article is mainly concerned with capital goods ; but for some purposes it is necessary to consider the industry as a whole. Many firms produce both consumer and capital goods, because they use similar components and techniques and draw on a common fund of skilled manpower and research knowledge.

Suggested Citation

  • Anonymous, 1965. "Research and Development in Electronic Capital Goods," National Institute Economic Review, National Institute of Economic and Social Research, vol. 34, pages 40-91, November.
  • Handle: RePEc:cup:nierev:v:34:y:1965:i::p:40-91_5
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